In 2016 Lemtrans transported 60.2 million tons of various cargoes by rail in total. Coal and iron ore account for the biggest share of shipped cargo. In particular, the company transported 24.72 million tons of coal and 19.94 million tons of iron ore. The biggest growth was seen in the transportation of coke: a 46.8%…Details
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Russia’s Magnitogorsk Iron and Steel Works may allocate 60% of its free cash flow on dividends for July-December 2016, the company said in a statement. “On the back of strong profitability and lower debt load, the company’s management decided to recommend that the board of directors pay dividends representing 60% of free cash flow for…Details
The blockade of coal supplies from the occupied territories threatens national security, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting. “As for the blockade, I strongly oppose any smuggling, and the result of this struggle is additional 18 billion UAH in budget proceeds. I agree that we need to stop the movement of…Details
In January Ukrainian companies increased ferroalloys output by 35% YoY, to 89.72 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output totaled 66 thousand tons, up by 31.77% YoY, ferromanganese output – 13.88 thousand tons, up by 75%, and ferrosilicon – 8.89 thousand tons, up by 13.25%. Metallic manganese production went up…Details
In January Ukraine imported 78.373 thousand tons of nickel ore and concentrate valued at $3.74 million, up by 18.5% but down by 27.8% YoY respectively. According to the State Fiscal Service, all the raw materials came from Guatemala. Last month Ukraine did not export or re-export these products, while in January 2016 it exported 51…Details
In 2016 MMK increased its net profits 2.5-fold YoY, to $1.111 billion. According to the company statement, its free cashflow totaled $728 million. EBITDA increased by 17.3% YoY, to $1.956 billion. Company revenues dropped by 3.6% YoY, because of the low sale prices. This year MMK forecasts the increase in steel demand in Russia by…Details
Yuzno-Sakhalinsk is carrying out a major project on the construction of the Aqua-City multi-functional complex, which will become the largest aqua-park in the Far East. Andrometa supplies metal structures for the construction. So far the company has supplied 2 thousand tons of welded structures. (Ukrainian metal)Details
The rolling shop of NLMK-Ural has replaced its gas flowmeter. The project will help decrease gas consumption by 213 thousand cubic meters per year, allowing the company to save some 0.87 million rubles. NLMK-Ural spent 0.6 million rubles on the project. (Ukrainian metal)Details
Beloretsk Iron and Steel Works, a part of Mechel, has confirmed the correspondence of the quality of its steel galvanized ropes with the river vessel construction requirements. The corresponding certificate has been issued by the Russian River Registry. The certificate allows the company to supply steel ropes to Russian ship-builders. Steel ropes of 18 GOSTs…Details
The State Committee for Industry, Energy and Subsoil Use revoked 10 licenses for mining. Ken KG LLC lost its license to mine rhinestone. Two licenses of Kench Kut LLC, which mines rhinestone and serpentine rock, have also been revoked. Too Ken Bars, Alfa Consult, Master Elitstroy, Satmen LLC, engaged in mining of limestone, had their…Details
According to the Statistics Committee of the Ministry of national economy, export prices in 2016 increased by 9.4% on average, import prices – by 16.4%. The highest increase in export prices was observed in zinc (by 72.8% YoY), lead (54.5%), ferrous metals (37.2%), aluminum (28.2%), coal (25.5%) and ferroalloys (24.1%). Ferrous and non-ferrous metal ores…Details